State Bank of India (SBI) Group is the biggest financial services conglomerate in India. Headquartered in Mumbai, SBI provides a wide range of products and services to individuals, commercial enterprises, large corporates, public bodies and institutional customers through its various branches and outlets, joint ventures, subsidiaries and associate companies. The Group comprises of State Bank of India (SBI), its various non-banking subsidiaries/ joint ventures, and foreign banking subsidiaries/ joint ventures.
SBI, the flagship company of the group, traces its ancestry to Bank of Calcutta founded in 1806. It was the first bank established in India, and over a period of time, evolved into State Bank of India (SBI). SBI represents a sterling legacy of over 200 years. It is the oldest commercial bank in the Indian subcontinent, strengthening the nation’s trillion-dollar economy and serving the aspirations of its vast population. The Bank is India’s largest commercial Bank in terms of assets, deposits, branches, number of customers and employees, enjoying the faith of millions of customers across the social spectrum.
A Fortune 500 company, SBI has entered into the league of top 50 global banks with a balance sheet size of over Rs 30 lakh crore, over 24,000 branches and 59,000+ ATMs serving over 42 crore customers after the merger of its five Associate Banks and Bharatiya Mahila Bank on 1st April 2017. SBI has an overseas presence through 195 foreign offices spread across 36 Countries.
What these impressive figures do not reveal is the tremendous trust Indians repose on the Bank. SBI has been the most trusted brand on the banking horizon in India. The Bank believes that it owes a solemn duty to the less fortunate and underprivileged members of the society to make sustainable social change in their lives.
The Bank has always placed the interest of the common man at its core. SBI has thoughtfully designed products and services to meet all the needs of the financial life cycle of an average Indian. Bank’s customised savings products are very good options for young adults to build a corpus for themselves and their children. The variety of Home Loan products offered at very affordable prices, personal loans, car loans, debit and credit cards and travel cards cater to lifestyle improvement needs. While Education Loans ensure smooth completion of technical or higher education in India and abroad, the range of Health Insurance options provide reliable protection for aging parents and also the whole family. From vehicle and home insurance to demat accounts and wealth management, from precious metals to private banking, SBI is at your beck and call to cater to your needs, on its own and through the group companies.
On the technology front, SBI has expanded the digital base of the Bank manifold in recent years. It plays a vital role in making the Government of India’s Digital India initiative a reality. SBI has always been on the forefront to embrace changes without losing sight of its credos like transparency, sustainability, social responsibility and customer service.